If there is any doubt about the importance of facing up to these long-term imbalances, the news that was spread across the front page of the New York Times today on 'China Losing Taste For Debt From U.S.' ought to be a warning signal to us all.
Gregg cites a New York Times article as a warning about U.S. debt reliance on China.
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The Simpson-Bowles Commission...came to the conclusion that on our present path this Nation goes bankrupt.
That is actually why I was so encouraged by the President putting 'change CPI' on the table.
It makes no sense to close down nuclear reactors if they still have useful life.